Today’s higher interest rates are great when you have new money to invest. But what can you do if your money is already tied up in lower-yielding deposit accounts—specifically, bank certificates of deposit and/or fixed-rate annuities that are still subject to early surrender penalties? It turns out you do have options, especially with annuities. While… Continue reading Have Lower-Yielding or Underperforming Annuities or CDs?
Tag: CDs
If You Have Cancer, You Need All the Support You Can Get
When we receive a cancer diagnosis, most of us will feel frightened and vulnerable, as I did when I received my own diagnosis. If you have a supportive family and caring doctors, you’ll need them. But if you don’t, it’s important to find as many sources of support as you can. While I have always… Continue reading If You Have Cancer, You Need All the Support You Can Get
Annuities Beat CDs by Offering Higher Guaranteed Rates and Tax Savings
Older Americans love certificates of deposit. But fixed-rate annuities, which function like CDs, usually pay much higher guaranteed rate. And they offer tax deferral. CDs have one main advantage over annuities: they’re insured by the FDIC. But I think it’s a tiny advantage, all things considered. Fixed annuities are guaranteed by life insurance companies, which… Continue reading Annuities Beat CDs by Offering Higher Guaranteed Rates and Tax Savings